“UBS Investment Research raised its price target on Apple Computer (AAPL) to $64 from $59 and maintained a ‘buy’ rating on the stock based on its analysis of the 4-gigabyte iPod nano,” Maya Roney reports for Forbes.

“UBS said the 4G nano could be Apple’s ‘key product’ into 2006, with many stores struggling to keep the devices in stock,” Roney reports. “‘While we acknowledge some risks as we move closer to the ‘Intel switch’ in Macs starting next year, we believe Apple remains one of the best stories in the technology spectrum (including digital media) in terms of earnings-per-share upside potential and relative growth versus alternative investments,’ said UBS.”

Full article here.

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